Which Assumption About Level of Measurement Is Made for the Chi

question 1

Multiple Choice

Which assumption about level of measurement is made for the Chi square test?

• A)all variables are at least ordinal in level of measurement
• B)all variables are at least interval-ratio in level of measurement
• C)all variables are nominal in level of measurement
• D)at least one variable must be ordinal in level of measurement

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Definitions:

Post-closing Trial Balance

A financial statement that lists all accounts and their balances after closing entries have been made, usually the final step in the accounting cycle.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries from the end of the previous period.

Adjusting Entries

These are journal entries made in an accounting period to allocate income and expenditures to the period in which they actually occurred.

Journalize Transactions

The process of recording financial transactions in the journal as part of the accounting cycle.